World Bank’s 2023 Logistics Performance Index: Turkey’s Local and Global Position
World trade is a fundamental building block for economic growth and international cooperation. Countries continuously strive to assess and improve their logistics performance. The World Bank’s 2023 Logistics Performance Index (LPI) report is a significant resource for evaluating the logistics infrastructures and performances of nations. According to this report, Turkey’s logistics performance in 2023 is assessed both locally and globally, reflecting some prominent trends.
According to the report, end-to-end supply chain digitization in developing countries can reduce port delays by up to 70% compared to developed countries. Similarly, there is an increasing demand for eco-friendly logistics services, and 75% of exporters are seeking environmentally friendly options for exports to high-income countries. These trends indicate the necessity of managing global trade sustainably and effectively.
In the 2023 LPI, Turkey ranks 42nd. This ranking reflects the country’s performance in logistics infrastructure, international shipment processes, timing, and tracking. Turkey’s LPI score is composed by evaluating various sub-categories, with individual scores for each category.
Particularly, with countries like Singapore, Finland, and Denmark leading the list, Turkey’s 42nd position highlights the potential for improvement in its logistics performance. Turkey’s efforts to develop more effective logistics infrastructure and adapt to the requirements of international trade can lead to better performance in the future.
Looking at past years, a consistent trajectory in logistics performance is evident. The change in average LPI scores between the top 10 and bottom 10 economies demonstrates the ongoing efforts in the growth and development of the logistics sector.
In conclusion, the World Bank’s 2023 Logistics Performance Index report not only assesses Turkey’s position and performance in international trade but also sheds light on global logistics trends. Turkey’s steps towards strengthening its logistics infrastructure and offering eco-friendly alternatives could lay the foundation for a more competitive logistics performance in the future.